Private sector in China would keep on growing and its proportion
in the national exports is expected to reach 35 percent by 2010,
said sources with All-China Federation of Industry and Commerce
(ACFIC).
Last year, private businesses achieved about 20 percent of
China's exports and it has a strong momentum of growth, show
statistics with ACFIC.
According to the statistics with the Ministry of Commerce,
China's total exports were US$762 billion in 2005, 57.3 percent of
which are made by foreign companies in China.
The proportions of private businesses in exports of electronic
and machinery products as well as hi-tech products are growing fast
and will reach 50 percent and 20 percent respectively by 2010, said
the federation.
Meanwhile, China's total investment abroad is expected to
US$reach 60 billion in 2006-2010 period, more than half of which
would come from the private sector, according to the
federation.
(Xinhua News Agency November 10, 2006)